ONE Championship fires three key executives amid financial troubles

ONE Championship has dismissed three major executives from its leadership team: vice president and former UFC fighter Rich Franklin, senior vice president of competition Matt Hume, and chief operating officer John Sheeler. The layoffs come amid ongoing financial difficulties and tournament cancellations for the promotion. The post suggests ONE Championship's viability as a leading global MMA promotion is in serious doubt. Fighters are leaving the organization, those who remain are fighting infrequently, and major fights and events are being canceled.